Despite corporate profits recovering handily since the Great Recession, Governing magazine notes that this has not resulted in a stronger tax base in many states. This will change how U.S. states approach economic development since it is generally believed that large employers are a net good for an economy. This trend calls that assumption into question.
Bringing more context into Wal-Mart’s acquisition of a prominent Chinese retailer, check out the growth curve on retail e-commerce in China. That’s in billions, like everything over there. The retail future is in Asia far more than it is the Americas or Europe.